June 23, 2024

Bank of Philippine Islands and RCBC reducing exposure to fossil (coal) fired power plants

Savings from oil and coal importation

Quite remarkable move by these two banks to reduce emission stop globall warming and promote sustainability    


Apart from RCBC and Bank of the Philippine Islands (BPI), which just last April announced plans to bring down its coal exposure by half in 2026 and to zero by 2037, no other local bank has followed suit or made public pronouncements. The momentum at the global level is high, but not so much at the local level.Jun 29, 2021



This too bad for Semirara and other local coal companies.  SID and DMCI had had their days.  God bless



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